R. Scott Beach, chair of Day Pitney’s Corporate and Business Law Department and head of its Family Office Practice, was quoted in an article, “Carlyle’s David Rubenstein Builds Family Office With Outside Ambitions,” published by Bloomberg News. The article discusses Carlyle Group LP co-founder David Rubenstein’s recently announced family office, “Declaration Capital” and its affiliate, “Declaration Partners,” which is reported to target venture, growth and family-owned businesses. As noted in the article, family offices can present challenges for private equity principals and other investment professionals. Beach told Bloomberg News that fund principals launching family offices “need to be sensitive to potential conflicts of interest” that can arise when their family offices engage in direct investing. He commented further, “They should invest in strategies, assets or sectors that they don’t follow in their funds” to mitigate the risk of conflicts and avoid running afoul of their fund’s compliance policies.
The article also appears on WealthManagement.com, the Financial Advisor magazine website, and Deal Street Asia.
Day Pitney LLP, together with the State of Israel and PDB FutureCom International, hosted a unique, invitation-only Startup Program for early-stage cybersecurity and analytics investors at the Cornell Club of New York.
On June 13, Carl Merino spoke on a panel, "U.S. Tax Reform – Restructuring Your Investments in Light of the New Changes," at the 11th Annual Tax Planning Strategies – U.S. and Latin America conference, presented by the American Bar Association Section of Taxation, the USA Branch of the International Fiscal Association and the International Bar Association.
On June 4, Dina Kapur Sanna was a co-presenter on "Structuring Foreign Investments in U.S. Real Estate After the Tax Cuts and Jobs Act" at the Private Client Transcontinental Trusts: International Forum 2018 in Hamilton Princess, Bermuda.
On May 21, Carl Merino presented on "Investment in U.S. Real Estate by Nonresident Aliens (NRAs)" at International Estate & Tax Planning 2018, a program sponsored by the Practising Law Institute and held in New York, NY.
Warren Whitaker and Matthew Woodbury co-authored an article, "French Tax Laws Affecting U.S. Citizens And Trusts," published in the May issue of Trusts & Estates magazine.
Rebecca Tunney has been elected to serve as a branch officer, in the role as Treasurer, of the Boston chapter of STEP, a global professional association for practitioners who focus on family inheritance and succession planning, with a focus on international estate planning.
Von Sanborn and David Silvian were quoted in an article, "You, Taxes and 2018: What to Expect from the Tax Bill," published in Private Asset Management magazine (PAM).
Day Pitney's Family Office and Trusts and Estates practices have been shortlisted in two categories, "Best Private Client Law Firm" and "Best Trusts and Estates Division," for the 2018 Private Asset Management Awards.
Day Pitney's Family Office and Trusts and Estates practices have been shortlisted in two categories, "Legal Team of the Year" and "Family Wealth Counseling," for the 2018 Family Wealth Report Awards.
Day Pitney LLP, together with the State of Israel and PDB FutureCom International, hosted a unique, invitation-only Startup Program for early-stage cybersecurity and analytics investors at the Cornell Club of New York.
